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NIFTY

* Nifty remained volatile and ended with a marginal decline, in line with the ongoing corrective phase.

* The prevailing trend points to continued consolidation around key levels, with the next support placed near the recent swing low of 25,700.

* A decisive break below this level could intensify selling pressure toward 25,450, while immediate resistance is seen in the 25,950–26,050 zone.

* Participants are advised to adopt a stock-specific approach, keep position sizes in check, and remain mindful of risk management in the current volatile environment.

BANKNIFTY

* The banking index experienced profit booking for the second consecutive session and remained below the 20-DEMA throughout the session.

* Following a flat opening with a negative bias, the index showed sustained weakness, forming lower highs and lower lows.

* Momentum remained mixed, with Canara Bank and PNB outperforming, while IndusInd Bank and ICICI Bank underperformed.

* Technically, immediate resistance is seen near 59,600, with initial support around 58,550.

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